https://www.taxtmi.com/caselaws?id=253321 The tribunal held that Section 194LA of the Income Tax Act was not applicable to the issuance of Development Rights Certificates (DRCs) by BBMP as there was no monetary payment or compulsory acquisition involved. Consequently, the orders treating BBMP as an "Assessee in Default" for not deducting tax at source were quashed. The appeals by BBMP were allowed, and the stay petitions became infructuous. en-us Fri, 14 Nov 2014 00:00:00 +0530 Fri, 21 Nov 2014 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253321 The tribunal held that Section 194LA of the Income Tax Act was not applicable to the issuance of Development Rights Certificates (DRCs) by BBMP as there was no monetary payment or compulsory acquisition involved. Consequently, the orders treating BBMP as an "Assessee in Default" for not deducting tax at source were quashed. The appeals by BBMP were allowed, and the stay petitions became infructuous. Case-Laws Income Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253321